News - Philadelphia

  • JV Buys Stake in 632-Unit Asset

    Rockpoint Group and The Brooksville Co. acquired Avalon Run East in Lawrence Township, N.J., from AvalonBay Communities.

    10 November 2017 13:58
  • Radnor Property Group Opens Vue32 in Philly

    The $55 million project includes 164 units and roughly 14,000 square feet of first-floor retail space. A second phase is slated to open in November 2018.

    06 November 2017 15:14
  • PA Community Lands $32M Refi

    Managed by Paradigm Properties Group, Deerfield Commons is located in Central Pennsylvania. The loan includes two years of interest-only payments followed by a 30-year amortization schedule.

    27 October 2017 15:26
  • Community Trades for $45M in Philly Metro

    Aulder Capital obtained a seven-year securitized loan through Freddie Mac's CME Program for the property, which is situated 15 minutes from the University of Delaware.

    27 October 2017 09:53
  • Luxury Community Opens on Philly’s Main Line

    The 36-acre site where the luxury apartment community is located also features a 20,000-square-foot historic mansion built in 1881, which will be updated with modern amenities.

    26 October 2017 08:46
  • PA Properties Land $26M

    The two assets are situated in Lancaster and Hershey, Pa., and feature 160 units each. Colliers' capital markets team secured five-year fixed-rate loans for both properties.

    24 October 2017 15:31
  • Philly’s Presidential City Gets Full Makeover

    The luxury community features an upscale swimming resort called Sora Pool Club among other amenities. The property is currently 90 percent leased.

    24 October 2017 13:35
  • Suburban Philly Property Trades for $34M

    The apartment community was part of the Rental Assistance Demonstration program and received a 20-year subsidy contract. The previous owner improved multiple aspects of the 1950 buildings.

    20 October 2017 14:03
  • TD Bank Invests in Affordable Philly Community

    The bank provided a $9.1 million construction loan and purchased $12.0 million in federal tax credits. The money will be used to redevelop a nursing home into a 60-unit affordable housing project for seniors.

    18 October 2017 20:34
  • NJ Senior Community Lands $8M Refi

    Magnolia Gardens Assisted Living was subject to a 35-year loan. Laura Saull-Smith arranged the financing for the 79-unit community located in Toms River, N.J.

    17 October 2017 14:16
  • 22-Property Portfolio Commands $467M

    HFF helped Equus Capital Partners sell the 3,426 units. The assets are in suburban Philadelphia, Lancaster, Harrisburg, Wyomissing, Lehigh Valley and northeastern Pennsylvania.

    12 October 2017 17:14
  • Philly Multifamily Portfolio Trades for $14M

    The properties situated in Philadelphia's University City changed hands for a total of $14 million. The locations offer residents access to the city's attractions and employment centers.

    11 October 2017 09:28
  • Kushner Cos. Lands 1,032-Unit NJ Community

    A joint venture between Angelo, Gordon & Co. and Candlebrook Properties sold the asset in Plainsboro, N.J. The buyer assumed the in-place debt on the property.

    25 September 2017 08:25
  • HFF Arranges Sale of DE Apartment Community

    The 301-unit apartment community known as Brandywine Hundred Apartments changed hands for an undisclosed price. The property is located near major thoroughfares and is 20 minutes away from the Philadelphia International Airport.

    21 September 2017 08:52
  • Berkadia Secures $96M for PA, VA Properties

    The company's HUD team secured financing for three properties: $67.1 million for two properties in Philadelphia, the largest HUD 223(f) loans originated in the area in the last five years, and $29.1 million for a property in Richmond, Va.

    20 September 2017 15:57